Protecting Futures – Creating a Legacy

Karachi, November 16, 2020 (PPI-OT): Habib University and Atlas Foundation sign MOU to honour the legacy of Yusuf H. Shirazi, and protect the future of talented, deserving students. On November 5, 2020, Habib University and Atlas Foundation met at the University campus, for the MOU signing ceremony of the Yusuf. H. Shirazi Endowed Scholarship Fund. Atlas Foundation has generously gifted the students of Habib University an endowment to strengthen access to higher education, and to commemorate Yusuf. H. Shirazi, the late Chairman of the Atlas Group.

Atlas Foundation was represented at the ceremony by Yusuf H. Shirazi’s sons, Iftikhar H. Shirazi and Ali H. Shirazi, the CEO of Atlas Foundation, Noor Ullah Hassan and Director at Atlas Foundation, Mr. Frhaim Ali Khan. The MOU was signed by Iftikhar H. Shirazi and Parvez Ghias, CEO, Habib University Foundation.
Parvez Ghias began proceedings by welcoming the guests and providing an overview of the proceedings. He described the late Yusuf H. Shirazi as a highly successful entrepreneur, but also a very compassionate man and one who understood the value of education.

President Habib University, Wasif. A Rizvi, who recollected his encounters with late Yusuf H. Shirazi and described the mutual respect and understanding between the Habib and Shirazi families. President Wasif said he was honoured to welcome Yusuf Shirazi’s sons to the campus.

He further explained how Habib University is addressing the three challenges to higher education – intellectual experience, access and sustainability – through its liberal art core and financial aid programs. The intellectual strength of the liberal arts curriculum at Habib creates engaged citizens of Pakistan, who have the leadership skills to help the country achieve its developmental goals and resolve problems. A robust student body has to be representative of society.

The support of Mohsineen such as Atlas Foundation is crucial because it provides financial assistance for talented, but economically disadvantaged students and strengthens the diversity and representativeness of the student body. Iftikhar H. Shirazi addressed the gathering and said that his father would have been ‘very proud’ of this partnership with Habib University, recounting the close bond between the Habib and Shirazi families. “We hope Habib University will grow. Thank you for this. Let’s work together. This is a dream that our fathers had.” he said.

Although Rafiq M. Habib, Chancellor of Habib University, could not be present, President Wasif, speaking on his behalf, conveyed his love and appreciation for the endowment. After President Wasif gifted a commemorative plaque to Iftikhar and Ali Shirazi, they were taken to see the name of the Yusuf. H. Shirazi on the Wall of Mohsineen at the entrance of Habib University. This interactive wall lists the names and details of all the donors and supporters of the University.

The ceremony concluded with tea, during which the academic leadership of Habib University had a chance to mingle with the representatives of Atlas Foundation. This endowed scholarship will provide relief to students amidst the economic challenges brought about the pandemic and encourage future giving.

For more information, contact:
Habib University
Karachi, Pakistan
Tel: +92-21-34301051-55